It's Time to Put Your Gains Toward The Hideaways With LUNA Up 200% (HDWY)
Analyst Issues a Serious Warning: Sell LUNA Gains
On Friday of last week, the broader cryptocurrency market soared, and the LUNA price saw enormous gains. Analysts have issued a stern warning: take LUNA profits off the table, much to the joy of investors.
Investors have rushed to the project attracted by the genuinely extraordinary rewards offered through its Gold, Platinum, and Diamond VIP scheme.
In 2023, will Luna make a profitable investment?
The market is currently experiencing a protracted crypto winter. Because there are no strong fundamentals to concentrate on, traders are coming up with their own pump-and-dump strategies to keep prices moving.
On Friday, big coins like Bitcoin and Ethereum broke out above their resistance levels, significantly increasing the overall value of the cryptocurrency market. This week, investors have also been focused on Terra (LUNA), the Terra Luna Classic (LUNC) currency, and Terra.
However, enthusiasm for LUNA is beginning to wane. After reaching a 200% gain top on Friday at $7, the currency has lost momentum, and the price of LUNA has since declined.
Industry experts advise taking advantage of any LUNA gains before the price declines as many people dump their holdings. Currently just in the presale phase, projects like The Hideaways (HDWY) offer investors a fantastic chance to invest early. Traders are scooping up on HDWY at a price of $0.01 as the project aims to disrupt the multi-trillion dollar luxury real estate market.
The technical analysis of Terra LUNA
For the first time since Terra Labs sent out the initial LUNA airdrop in late May, Terra's LUNA increased to $7 on Friday. The coin saw a 200% spike in 24 hours and $3 billion worth of transactions on Friday.
LUNA has reentered the top 100 cryptocurrencies after growing to a market worth of $900 million. However, the absence of a justification for raising the price forced LUNA back to $5. According to the most recent data, the coin is currently trading at $6.0, which is proving to be a tough barrier to overcome.
Analysts disagree that this is the ideal time to hold LUNA for a number of reasons. First of all, the coin is in the extremely bought zone with its Relative Strength Indicator (RSI) at 90.0. Second, there is no imminent indication of a bullish crossover from the 20-day EMA and 50-day EMA.
LUNA's year-end price will be $2.
The absence of technical support demonstrates that the latest price increase for LUNA is simply another pump-and-dump operation. Once sellers start moving, we observe a price correction. Before falling further to $1.80, LUNA will reach the first support line at $2.6. A bullish scenario might see purchasers maintain the price at their $10 goal and exit at this point.
The most probable profit for LUNA this year is $2. Unless Terra devises a creative scheme to lend its coin some practical use. However, we don't want to hold onto optimism in this. The failure of Terra LUNA and TerraUST (USD), which cost us $40 billion this year, is difficult to forget.
Investors are attracted to the Hideaways VIP plan.
The Hideaways (HDWY), a brand-new cryptocurrency platform, is currently in its presale phase. The price is set to increase by 100% from $0.01 to $0.02, rewarding early investors with 100% gains in the first week.
The benefits provided by The Hideaways' Gold, Platinum, and Diamond membership categories are luring investors.
Investments of $10k, $20k, or $50k can earn investors rewards like a free 2-week, 5-star vacation with airfare included, a yearly free private jet flight, access to off-market real estate development prospects, a $50k global concierge service, and much more.
In addition, monthly rental and staking income will be paid to HDWY holders. The HDWY coin is anticipated to increase by 100% this week, and the enthusiasm behind this project is predicted to propel it to gains of up to 4,000% in 2022.